I arrived from Venezuela 8 months ago and since then I've dedicated myself to learn Real Estate.I am 22 years old and I'm an Industrial Engineer and currently an IoT (Internet of things) Engineering Student at Florida International University, 2 months ago I obtained my Real Estate License here in the state of Florida after working as an assistant for several months to gain experience and knowledge in the field, specifically in the Short-Sale/Foreclosure area.I've been building my credit since I arrived and filled my taxes, fortunately, I was able to qualify for a conventional loan for an amazing property here in Miami, I would love to hear about your opinion regarding this deal I've picked up to start off my Real Estate Investing Journey.The property is located in the fast-growing area of Wynwood-Allappatah and has a huge lot of 10,000 SqFt with a 3 Bedroom 2 Bathroom house in "ok" condition that needs an update but could easily rent for $1800-$2000.The property zoning is T4, which allows an 8 unit multifamily of 2 bedrooms and 1 bath each unit.I picked up the deal after a few months of negotiating and hard work for $115,000.Comps run in the range of $300,000 - $280,000 for updated properties with lot sizes of 5000 SqFt or less.I've received offers for $230,000 and $250,000 AS-IS, but I'm planning to update the property (Rehab cost $30,000).

See Venezuela as exhibit one.

I've worked with freelancers in both the Philippines and Venezuela. 

Has anybody thought about investing in real estate in Venezuela?

I’m sure over the course of time all these countries will end up like Venezuela!

For example, If someone hates socialism, they can point to Cuba and Venezuela as examples of its failures.

Probably some good deals in Venezuela right now. 

Also, Nicaragua is actually one of the few countries where the possibility of losing your property by expropriation Venezuela-style is real.Costa Rica is much less risky and is a great place to buy for lifestyle, depending on your lifestyle of course.

With all the money printing I am worried we are the next Zimbabwe or Venezuela What are your plans? 

We also have 5 rental properties (in Houston, Miami, Turkey and Venezuela) and our main strategy is The BRRR.